New York -- Private equity firm KKR & Co. will acquire National Vision Inc. from Berkshire Partners.
National Vision, which focuses on low-cost glasses and contacts, operates more than 750 retail locations under names that include America's Best Contacts & Eyeglasses and Eyeglass World. It also has stores inside Wal-Mart Stores Inc, Fred Meyer, and military bases.
Terms of the deal were not disclosed. The management team of National Vision is expected to remain a significant investor in the company, KKR said.